Telia disposes half of its interest in Eniro AB

Thu, Jul 05, 2001 09:36 CET

Telia disposes half of its interest in Eniro AB
Telia AB agreed, on July 4, to sell 40 million shares in the directories
company Eniro AB to institutional investors after an accelerated book-
building process. The price to be paid by investors is SEK 104 per
share. The transaction is expected to generate gross proceeds to Telia
of approximately SEK 4.16 billion and a capital gain exceeding SEK 3
billion to the Telia Group. Following the closing of today's sale,
Telia's holding in Eniro will be approximately 25.5%.
The placing was executed through Morgan Stanley, the sole book-runner,
and by Carnegie as joint lead manager.
This press release is not for publication or distribution or release in
the United States of America (including its territories and possessions,
any State of the United States and the District of Columbia) Canada or
Japan. This press release is not an offer or solicitation of an offer to
purchase or subscribe for Eniro shares in the United States, Canada or
Japan. The sale of the Eniro shares has not and will not be registered
under the US Securities Act of 1933 and, accordingly, the Eniro shares
may not be offered or sold in the United States except pursuant to an
exemption from registration. No public offering of the Eniro shares is
being made in the United States.
Telia´s Press Office, phone + 46 8 713 58 30
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The following files are available for download:
http://www.bit.se/bitonline/2001/07/05/20010705BIT00100/bit0001.doc
http://www.bit.se/bitonline/2001/07/05/20010705BIT00100/bit0001.pdf